@Redditsux@lemmy.world to World News@lemmy.worldEnglish • 3 months agoElon Musk sells X to his own xAI for $33 billion in all-stock dealapnews.comexternal-linkmessage-square47fedilinkarrow-up1401arrow-down17cross-posted to: technology@lemmy.world
arrow-up1394arrow-down1external-linkElon Musk sells X to his own xAI for $33 billion in all-stock dealapnews.com@Redditsux@lemmy.world to World News@lemmy.worldEnglish • 3 months agomessage-square47fedilinkcross-posted to: technology@lemmy.world
minus-square@merdaverse@lemmy.worldlinkfedilinkEnglish24•3 months ago The combination values xAI at $80 billion and X at $33 billion ($45B less $12B debt) Lol, he actually think the value of Shitter is still $45B, as when he bought it. That’s cute.
minus-square@Redditsux@lemmy.worldOPlinkfedilinkEnglish11•3 months agoIf I recall, fidelity wrote off most of its investment in twitter less than a year after the acquisition: https://www.forbes.com/sites/tylerroush/2024/09/30/elon-musks-x-is-now-worth-around-a-fifth-of-the-44-billion-he-paid-for-it-fidelity-says/
Lol, he actually think the value of Shitter is still $45B, as when he bought it. That’s cute.
If I recall, fidelity wrote off most of its investment in twitter less than a year after the acquisition: https://www.forbes.com/sites/tylerroush/2024/09/30/elon-musks-x-is-now-worth-around-a-fifth-of-the-44-billion-he-paid-for-it-fidelity-says/
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